United Shore Mortgage: Your Home, Your Choice, Our Commitment.
At United Shore Mortgage, we understand that buying a home is one of the most important decisions you will make in your life. That’s why we are committed to providing you with the best possible mortgage experience. Our team of experienced professionals will guide you through the entire process, from pre-qualification to closing, ensuring that you have all the information and support you need.
We offer a wide range of loan products and services tailored to meet your individual needs. Whether you are looking for conventional or government-backed mortgages, our knowledgeable staff can help you find the perfect loan product for your situation. We also offer competitive rates and terms, so you can be sure that you’re getting the best deal possible.
At United Shore Mortgage, we believe in putting our customers first. We strive to provide excellent customer service and are dedicated to helping our clients achieve their homeownership goals. Our commitment to providing superior service has earned us an A+ rating from the Better Business Bureau, so you can trust that your satisfaction is our top priority.
Let us show you how we can help make your dream of owning a home a reality! Contact us today and let us help get you on the path to homeownership.
Introduction
United Shore Mortgage is a privately owned mortgage lending company based in Troy, Michigan. The company was founded in 1986 by Mat Ishbia and has since grown to become one of the largest independent mortgage lenders in the United States. It is currently owned by its parent company, United Wholesale Mortgage (UWM), which was acquired by private equity firm KKR & Co. LP in 2019. UWM is now one of the top wholesale lenders in the nation, offering a wide range of loan products for both consumers and mortgage brokers.
– The History and Ownership of United Shore Mortgage
United Shore Mortgage is a mortgage lender based in Troy, Michigan. Founded in 1986, it has grown to become one of the largest independent mortgage lenders in the United States. The company is owned by United Wholesale Mortgage (UWM), a subsidiary of United Shore Financial Services LLC.
UWM was founded by Mat Ishbia in 2008 and is headquartered in Pontiac, Michigan. It specializes in providing mortgage loans for residential properties and serves retail loan originators across the country. UWM was acquired by private equity firm Warburg Pincus in 2018, making it one of the largest independent mortgage lenders in the country.
United Shore Mortgage began as a small family-owned business with just two employees and a single office location. Over time, the company grew to become one of the largest independent mortgage lenders in the nation with more than 2,000 employees across its network of offices nationwide. In addition to offering traditional mortgages, United Shore also provides specialized home loan products such as FHA and VA loans, jumbo loans, non-conforming loans and reverse mortgages.
United Shore Mortgage has earned numerous awards throughout its history including being named one of America’s fastest growing companies by Inc Magazine for five consecutive years (2015-2019). It has also been recognized as one of Michigan’s Best & Brightest Companies to Work For for four consecutive years (2016-2019).
Today, United Shore Mortgage continues to be an industry leader providing innovative solutions for homebuyers and homeowners alike. With its commitment to customer service and quality products, it remains one of the most trusted names when it comes to finding a mortgage lender that meets your needs.
– The Products and Services Offered by United Shore Mortgage
United Shore Mortgage is a mortgage lender that provides a wide range of products and services to meet the needs of clients. They offer conventional, FHA, VA, USDA, jumbo loans, and many more loan options. United Shore Mortgage also has a wide array of refinance options available for those looking to lower their monthly payment or get cash out of their home’s equity.
In addition to traditional mortgage products and services, United Shore Mortgage offers a variety of other products and services to help make the home buying process easier. These include an online application process, assistance with closing costs, pre-qualification programs, and homebuyer education classes. Additionally, they have an extensive network of real estate agents who can help buyers find their dream home.
For those who are interested in purchasing investment properties or vacation homes, United Shore Mortgage also offers specialized loan programs. These include portfolio loans that allow borrowers to purchase multiple properties with one loan as well as loans for second homes or rental properties.
Finally, United Shore Mortgage offers several specialty programs that cater to specific types of borrowers such as first-time homebuyers or veterans. These programs provide additional benefits such as reduced interest rates or down payments as well as other financial incentives for qualifying borrowers.
With so many products and services available from United Shore Mortgage, there is something for everyone looking to buy or refinance a home. Whether you are a first-time buyer or an experienced investor looking for multiple properties, there is sure to be a product that meets your needs.
– The Financial Performance of United Shore Mortgage
United Shore Mortgage is a mortgage lender, specializing in originating and servicing prime residential mortgages. The company has experienced tremendous growth over the past several years, becoming one of the largest independent mortgage lenders in the United States. As such, it is important to take a close look at the financial performance of United Shore Mortgage to get an understanding of how well the company is doing.
The most recent financial report for United Shore Mortgage showed that the company had total revenues of $2.6 billion for 2019, representing a 25% increase from 2018. This growth was primarily driven by increased origination volume and higher net servicing income. In addition, net income rose to $195 million in 2019, up from $187 million in 2018. This increase was mainly due to higher gains on sales of loans and lower operating expenses as a percentage of total revenue.
Looking at the balance sheet for United Shore Mortgage, total assets were reported at $5 billion as of December 31st, 2019. This represents an increase of 8% compared to 2018 and was largely driven by an increase in cash and investments as well as higher loan originations and portfolio balances. Liabilities also increased slightly during this period, with total liabilities standing at $3 billion at year-end 2019 compared to $2.8 billion in 2018.
Overall, United Shore Mortgage’s financial performance has been strong over the past few years, with steady increases in both revenues and profits while maintaining healthy balance sheet metrics.
– Regulatory Compliance at United Shore Mortgage
At United Shore Mortgage, we are committed to providing our clients with the highest quality of service while adhering to all applicable laws, regulations and standards. We take regulatory compliance seriously and have established a comprehensive framework to ensure that our business activities comply with applicable laws and regulations.
Our Regulatory Compliance Program is designed to identify, monitor, and address potential risks associated with our business operations. This program includes policies and procedures for identifying, monitoring, reporting and responding to potential regulatory issues. Additionally, we provide ongoing training to ensure that our employees understand the importance of regulatory compliance and are aware of their responsibilities in this area.
We also conduct periodic reviews of our compliance program to ensure that it is effective in mitigating risk. These reviews include an assessment of policies and procedures; identification of any areas where additional guidance or training may be needed; development of corrective action plans; and implementation of changes as necessary.
Finally, we have established a Regulatory Compliance Committee comprised of senior management personnel who review all reports related to regulatory compliance matters on a regular basis. The committee also serves as a resource for employees who have questions about regulatory requirements or need assistance in understanding how they apply to their job duties.
At United Shore Mortgage, we strive to meet all applicable legal requirements while providing excellent customer service. Our commitment to regulatory compliance helps us achieve this goal by ensuring that we operate within the law at all times.
– Customer Reviews of United Shore Mortgage
Customer reviews of United Shore Mortgage are overwhelmingly positive. The company has a five-star rating on Google and Yelp, with many customers praising their exceptional customer service, competitive rates, and quick closing times.
Reviewers often comment that the loan officers at United Shore Mortgage are knowledgeable, professional, and helpful throughout the entire process. They take the time to explain all of the details of the loan and answer any questions that customers may have. Many reviewers also mention that their loan officer was able to secure them a lower interest rate than they were expecting.
The closing process is also highly praised in customer reviews. Most customers report that they had their loan closed within 30 days or less from when they applied. This is especially impressive considering some lenders can take up to 90 days or more to close a loan.
Overall, customers are extremely satisfied with their experience with United Shore Mortgage and would recommend them to others looking for a mortgage lender.
Conclusion
United Shore Financial Services, LLC is the parent company of United Shore Mortgage, LLC. United Shore Financial Services, LLC is owned by Mat Ishbia and his family.
Few Questions With Answers
1. Who owns United Shore Mortgage?
United Shore Financial Services, LLC is the parent company of United Shore Mortgage.
2. Where is United Shore Mortgage located?
United Shore Mortgage is based in Troy, Michigan, but has offices across the country.
3. How long has United Shore Mortgage been in business?
United Shore Mortgage was founded in 1986 and has been providing mortgage services since then.
4. What services does United Shore Mortgage offer?
United Shore Mortgage offers a wide range of mortgage products and services including conventional loans, jumbo loans, FHA/VA loans, and reverse mortgages.
5. Who are the key executives at United Shore Mortgage?
The key executives at United Shore Mortgage are Mat Ishbia (President & CEO), David Krieger (COO), and Brian Decker (Chief Investment Officer).